Samsung S-Cloud rumored to be unveiled alongside new flagship phone

With the May 3 Samsung Mobile Unpacked event less than two weeks away, we're starting to hear more about what the manufacturer may be unveiling alongside its next flagship. The latest rumor to hit is that Samsung is planning to launch its own cloud storage service, dubbed "S-Cloud" in tandem with the Galaxy S III in London on May 3.

According to Korean news site MK.co.kr, the "S-Cloud" service will offer upwards of 5GB of storage, with no restrictions on the types of content that can be uploaded. "Free and paid" entertainment content is also reported, including TV shows, movies and music. The move could put Samsung into competition with the rumored Google Drive service, expected to be launching soon, as well as more established players like Apple and Dropbox.